US Trailer expands use of I.D. Systems

Tuesday, November 27, 2012

US Trailer Holdings said Tuesday it will use I.D. Systems to track and trace its trailer fleet.
The deal will see US Trailer expand its use of I.D. Sytems’ VeriWise Track and Trace asset management system.
US Trailer Holdings was formed by Wood Creek Capital Management in June 2012 to acquire certain trailer assets from GE Trailer Fleet Services, a long-standing I.D. Systems customer. As part of the transaction, US Trailer purchased VeriWise devices already deployed on the trailers and entered into a new service contract for VeriWise fleet monitoring of these devices.
The new contract includes new VeriWise units in addition to services for existing VeriWise units already installed on US Trailer Holdings' trailer fleet.
VeriWise Track and Trace provides real-time GPS data via cellular communications and Web-based software to improve the security and efficiency of freight transportation fleets.
"It is gratifying to be able to transition our relationship from GE Trailer Fleet Services to US Trailer Holdings,” said I.D. Systems' Chief Operating Officer Darryl Miller, in a statement. “This new contract significantly increases the total number of assets we will be tracking for US Trailer Holdings, including the existing VeriWise units acquired from GE.”